The package would fund the government at current levels through March 14, extend the farm bill by one year and appropriate billions of dollars in disaster aid and assistance for farmers.
The same provisions were included in Speaker Mike Johnson’s (R-La.) plan B proposal that failed on the House floor Thursday night.
Without congressional action, large parts of the federal government would shut down just after midnight.
Johnson emerged from a tense two-hour GOP conference meeting in the Capitol basement with less than eight hours to go until the deadline to announce the developments and vow there would be no shutdown.
“There is a unanimous agreement in the room that we need to move forward,” he told reporters.
“We will not have a government shutdown,” he continued. “And we will meet our obligations for our farmers who need aid, for the disaster victims all over the country, and for making sure that military and essential services and everyone who relies upon the federal government for a paycheck gets paid over the holidays.”
The House is expected to start voting on the bill between 5 and 5:30 p.m. ET.
The Hill's Mychael Schnell, Mike Lillis and Emily Brooks have more here.